47
47
Nov 24, 2012
11/12
by
FBC
tv
eye 47
favorite 0
quote 0
net net is no good long-term efeffects for the economy. gerri: you picked up something interesting out of ben bernanke at statement about banks being too tight with their lending. what did you make of that? >> it is very interesting because ben bernanke is talking about the unwillingness of banks to lend more noncredit were the people and the problem i have with that is banks are having to do that because ben bernanke has killed the bank model and if you look back at banks and how they make money they borrow on the short end meaning they borrow at the low end of interest rates and blended out on a long end meaning the consumer will pay off higher interest-rate and banks make the spread. interest rate curve is not even occur but a flat board. and to be a little more conservative with lending and ben bernanke saying no banks, led to everybody to comes to your door. gerri: we saw how well that worked out last time it happened. >> that is one of the problems we had in 2007-2008 and even in the late 90s and early 2,000s. banks lend to everybody
net net is no good long-term efeffects for the economy. gerri: you picked up something interesting out of ben bernanke at statement about banks being too tight with their lending. what did you make of that? >> it is very interesting because ben bernanke is talking about the unwillingness of banks to lend more noncredit were the people and the problem i have with that is banks are having to do that because ben bernanke has killed the bank model and if you look back at banks and how they...
162
162
Nov 21, 2012
11/12
by
CNBC
tv
eye 162
favorite 0
quote 0
is that going to help the economy grow or not? taxes on capital, people paid the tax and then you are taxing them again. they will move elsewhere. there will be few er places to work. i would love to see them cut spending back. that is a tax on labor, it is a tax on high income labor and bring in a high revenue. >> you are heard that, what is your take on that one? >> you know, all we are looking to do is raise the capital gains tax to what it was during the clinton years. people built enormous empires and wealth and they didn't go away and they didn't go into other sectors to avoid that capitol gains tax. it was 20%. all we are looking to do is roll back the bush tax cuts which we couldn't afford. and the last ten years are clear evidence that we couldn't afford that. i would put in that he worked well with newt gingrich. but i want to add one point. when you say we need to go back to the clinton tax rates. you have the bamcare taxes. you have a 0.9% payroll tax increase. so you are going to go way past the clinton rates and up t
is that going to help the economy grow or not? taxes on capital, people paid the tax and then you are taxing them again. they will move elsewhere. there will be few er places to work. i would love to see them cut spending back. that is a tax on labor, it is a tax on high income labor and bring in a high revenue. >> you are heard that, what is your take on that one? >> you know, all we are looking to do is raise the capital gains tax to what it was during the clinton years. people...
219
219
Nov 28, 2012
11/12
by
FBC
tv
eye 219
favorite 0
quote 0
having to get deeper into that whole would not be good for the economy. liz: thank you for joining us rea.we like our governors of evy state. he is an independent. if so many defense jobs. our governors on the edge week. utah governor in another fox business exclusive. they have a very low unemployment rate unlike rhode island, but he says it will be impacted if d.c. cannot reach an greement. the closing bell ringing in about 47 minutes. would you do business in a dangerous area if you thought the risk might bring huge rewards? libya wants business in a huge way. we're not just talking about oil rigs and pipelines, but also massive infrastructure projects, roads, schools, you name it. part of the royal libyan family. he is back in his job is to sell libya on u.s. companies. find out what he thinks there is a big payoff for american businnss. a fox business exclusive. having you ship my gifts couldn't beasier. well, having a t olocations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male
having to get deeper into that whole would not be good for the economy. liz: thank you for joining us rea.we like our governors of evy state. he is an independent. if so many defense jobs. our governors on the edge week. utah governor in another fox business exclusive. they have a very low unemployment rate unlike rhode island, but he says it will be impacted if d.c. cannot reach an greement. the closing bell ringing in about 47 minutes. would you do business in a dangerous area if you thought...
108
108
Nov 29, 2012
11/12
by
FBC
tv
eye 108
favorite 0
quote 0
this could be a nice stimulus for the economy. john boehner saying he has seen no substantive progress on the fiscal cliff talks in the last couple weeks. what compromises need to be made? sheila bair, being a former fdic chair, telling us 4 ways wall street can help out and it is not all good news for investors. liz: did you see the cover of the wall street journal? fed stimulus like gillian 2013. we talked about this the second broke yesterday halfway through the 3:00 p.m. show. the man who wrote the article, wall street journal's chief economic correspondent and chief head head to lend us live. dave: before that is of we will tell you what drove the market with the data download. stocks extending yesterday's gains finishing a volatile session higher with the dow, s&p and nasdaq trading above the 200 day moving average for the first time in three weeks. telecom and health care were the top performing sectors. fewer americans filing first-time applications for unemployment benefits as hurricane sandy had the labor market and cont
this could be a nice stimulus for the economy. john boehner saying he has seen no substantive progress on the fiscal cliff talks in the last couple weeks. what compromises need to be made? sheila bair, being a former fdic chair, telling us 4 ways wall street can help out and it is not all good news for investors. liz: did you see the cover of the wall street journal? fed stimulus like gillian 2013. we talked about this the second broke yesterday halfway through the 3:00 p.m. show. the man who...
209
209
Nov 29, 2012
11/12
by
CNBC
tv
eye 209
favorite 0
quote 1
how is that going to help the economy? >> it won't help the economy. they're going to put this new 3.8% sur fax on to investors to pay for obama care. as you mentioned, it cost more than $100 billion. something to keep in mind here is the total tax hike cost for obama care is $500 billion. americans will see more than half of that take place on january 1st. >> that's on top of whatever they decide to do on this fiscal cliff business. katie, the next biggest one, $87 billion is an increase in the payroll tax. .9%, 2.9 to 3.8%, small business busy and self-employed. how does that promote growth. they're going to be hiring less and there are going to be fewer employees. >> don't they talk about this? why don't they do the add-ones that you're doing on the obama care taxes? >> i'm actually not sure about this. i'm pretty confused about why the romney campaign didn't hit the obama care tax argument harder on the campaign trail because the supreme court ruled it a tax for good reason. it had gone through the numbers here on your show. this hit small business
how is that going to help the economy? >> it won't help the economy. they're going to put this new 3.8% sur fax on to investors to pay for obama care. as you mentioned, it cost more than $100 billion. something to keep in mind here is the total tax hike cost for obama care is $500 billion. americans will see more than half of that take place on january 1st. >> that's on top of whatever they decide to do on this fiscal cliff business. katie, the next biggest one, $87 billion is an...
200
200
Nov 28, 2012
11/12
by
CNBC
tv
eye 200
favorite 0
quote 0
we don't need to have a regulates economy. we need to give the private sector enough breathing room and make sure that we don't brush this initiative. i'm optimistic for the first time in a long time. >> what did you say? free market unregulated economy? >> that is my fantasy. i can't believe it. that we are in agreement on protecting the environment. if the people don't want it, they won't do it. anyway, tyson, thank you. dan mitchell, thank you. now let's talk about california with crashing production and a 13% top state income tax rate. no kidding. no surprise. companies are fleeing the state. but where will they end up? we are about to show you. those little things still get you. for you, life's about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequent
we don't need to have a regulates economy. we need to give the private sector enough breathing room and make sure that we don't brush this initiative. i'm optimistic for the first time in a long time. >> what did you say? free market unregulated economy? >> that is my fantasy. i can't believe it. that we are in agreement on protecting the environment. if the people don't want it, they won't do it. anyway, tyson, thank you. dan mitchell, thank you. now let's talk about california...
185
185
Nov 23, 2012
11/12
by
MSNBCW
tv
eye 185
favorite 0
quote 0
it is a critical geographical i economy here. people thought after the truce it would be safe enough to go to the fence. today proved otherwise. >> stay safe, buddy, appreciate that. next week lawmakers return home from the thanksgiving holidays to resume working on a deal to avoid the so-called fiscal cliff. despite optimism from both sides, they remain far apart on what to do about revenues with the white house saying the bush era tax rates should expire and republicans insisting any new revenues come from closing loopholes in the tax code. kristen welker joining us from the white house. he said the talks said to be stalled. what is the white house saying? >> reporter: they certainly know this is going to be a tough slog. certainly you had this sort of sense of bipartisanship after the leaders came to the white house. it seems as though that has gone awe with democrats digging in their heels on the issue of entit entitle. s and republicans on taxes. congress talking about some types of compromises, one that would include rollin
it is a critical geographical i economy here. people thought after the truce it would be safe enough to go to the fence. today proved otherwise. >> stay safe, buddy, appreciate that. next week lawmakers return home from the thanksgiving holidays to resume working on a deal to avoid the so-called fiscal cliff. despite optimism from both sides, they remain far apart on what to do about revenues with the white house saying the bush era tax rates should expire and republicans insisting any...
162
162
Nov 29, 2012
11/12
by
CURRENT
tv
eye 162
favorite 0
quote 0
we're not bringing the pieces together to bring the economy back where it should be. it's hard to watch the slow motion grind not discussing the issues. what about the discussion of the cap that has been etched into stone, and i'm not sure why. >> i think because there has been so much of a focus on letting the bush tax cuts expire for the top two percent and the discussions got narrowed to that. it has left us in the trillion dollar area as opposed to looking at real corporate tax reform and other ways that revenue can be generated. it looked like congressman defazio was paining a picture of how we can confront that early next year. >> eliot: he's one of our favorites. i don't think he speaks yet unfortunately for the mainstream, i wish he did. >> right. >> eliot: i don't think he does, but i think it's interesting when you hear what eric cantor says and even john boehner. they still will not discuss raising rates. they're willing to go there the charade of loophole closing and this and that, but none of which gets us where we need to be. >> right. it is amazeing to
we're not bringing the pieces together to bring the economy back where it should be. it's hard to watch the slow motion grind not discussing the issues. what about the discussion of the cap that has been etched into stone, and i'm not sure why. >> i think because there has been so much of a focus on letting the bush tax cuts expire for the top two percent and the discussions got narrowed to that. it has left us in the trillion dollar area as opposed to looking at real corporate tax reform...
74
74
Nov 23, 2012
11/12
by
FBC
tv
eye 74
favorite 0
quote 0
the economy is booming. they are encouraging it to do so. they have got the recipe for growth that detroit lost her long ago. [talking over each other] >> they have held back the growth of the city -- dave: there are some cities i could point to where the mayors are not on the up and up but -- a city that had a lot of corruption, why can't he get the message? liz: they only hold back thirty million to hang over the head. we are going to hold back $30 million, i don't think that is enough of a push to get going. dave: if you think black friday is the best day to get deals think again. if you want to save money you should wait it out. find out why after the break. it is your money. dave: stocks are higher. the dow jones industrials are up about 88 points. it is a shortened trading session. market's close at 1:00. an informal session. traders are bringing their kids to the floor and volume is expected to be light but there are stocks making big moves. will get research in motion. they make a blackberry. high hopes for the new blackberry 10. we
the economy is booming. they are encouraging it to do so. they have got the recipe for growth that detroit lost her long ago. [talking over each other] >> they have held back the growth of the city -- dave: there are some cities i could point to where the mayors are not on the up and up but -- a city that had a lot of corruption, why can't he get the message? liz: they only hold back thirty million to hang over the head. we are going to hold back $30 million, i don't think that is enough...
128
128
Nov 29, 2012
11/12
by
MSNBCW
tv
eye 128
favorite 0
quote 0
that's what our economy needs. that's what the american people deserve. >> the white house is also turning to social media in a new twitter hash tag to spread his message. >> today, i'm asking congress to listen to the people who sent us here to serve. i'm asking americans all across the country to make your voice heard. tell members of congress what a $2,000 tax hike would mean you to. call your members of congress. write them an e-mail, post it on their facebook walls. you can tweet it using th the #my2k. not y2k, #my2k. >> they showed support for cutting a deal with the president. yesterday the oklahoma republican repeated his belief that congress should start by locking in tax cuts for the middle class. >> in my view, we all agree that we're not going to raise taxes on people that make less than $250,000. we should just take them out of this discussion right now, continue to fight against any rate increases, continue to try to work honestly for a much bigger deal. >> if the president is willing to accept 80% of
that's what our economy needs. that's what the american people deserve. >> the white house is also turning to social media in a new twitter hash tag to spread his message. >> today, i'm asking congress to listen to the people who sent us here to serve. i'm asking americans all across the country to make your voice heard. tell members of congress what a $2,000 tax hike would mean you to. call your members of congress. write them an e-mail, post it on their facebook walls. you can...
188
188
Nov 29, 2012
11/12
by
CNBC
tv
eye 188
favorite 0
quote 0
>> that will have a negative impact on the california economy and on the u.s. economy. so ron is right. there are parts of the u.s. economy are certainly improving, but there are other parts that have not yet felt a vice that's squeezing on them. >> all right. we got to go. the bell is going to ring shortly, i feel like. we got to go. thank you, everybody. appreciate it. we are heading toward the close and, really, the market is where it was before all the rhetoric came out on the cliff. the dow up 32 points right how it. >> we've heard some democrats made maye be willing to dive off that fiscal cliff. our next guest certainly is not following suit. find out what cuts he's willing to make. >>> another potential cost saver could be ditching the paper dollar in favor of a dollar coin. congress is considering it. could our debt literally kill the dollar bill? we'll talk about that. >>> and later on, i'll be talking exclusively to two of the nation's top ceo on how the fiscal cliff will impact their businesses. that's later on in "the closing bell." stay with us. back in a
>> that will have a negative impact on the california economy and on the u.s. economy. so ron is right. there are parts of the u.s. economy are certainly improving, but there are other parts that have not yet felt a vice that's squeezing on them. >> all right. we got to go. the bell is going to ring shortly, i feel like. we got to go. thank you, everybody. appreciate it. we are heading toward the close and, really, the market is where it was before all the rhetoric came out on the...
146
146
Nov 29, 2012
11/12
by
FBC
tv
eye 146
favorite 0
quote 0
if they resolve the fiscal cliff and the economy remains growing, although kind of sluggish -- here is another scenario, we have a loss of revenue from growth money. we are in a situation where we will prepare for the best, hope for the best, but anticipate a negative growth in the economy. liz: there is actually what we are calling the twinkie of fact. it is a negative bidder twinkie affect. there is a hostess plant where you live. how many jobs will that drop-off, as far as employment is concerned? >> a few hundred. clearly, any kind of negative constriction of the marketplace impacts us. even if it is a negative state. clearly, here at home, the good news for us is we are going at a 3.5% rate now economically. we are creating jobs. we have a healthy economy and a great quality of life which is attracting people and businesses to utah. we do not have control over what happens in washington, d.c. we are being very cautious as we go forward waiting to see resolution, out of washington, d.c. liz: i saw a quote of something you said. i thought it was perfect for washington. compromise sh
if they resolve the fiscal cliff and the economy remains growing, although kind of sluggish -- here is another scenario, we have a loss of revenue from growth money. we are in a situation where we will prepare for the best, hope for the best, but anticipate a negative growth in the economy. liz: there is actually what we are calling the twinkie of fact. it is a negative bidder twinkie affect. there is a hostess plant where you live. how many jobs will that drop-off, as far as employment is...
36
36
tv
eye 36
favorite 0
quote 0
was really happening to the global economy. global financial headlines. a report.
was really happening to the global economy. global financial headlines. a report.
31
31
tv
eye 31
favorite 0
quote 0
a basis for moving forward and put the lie to the stupid republican theory that what's good for our economy is that when the rich get richer and the poor get poorer combine it with some reasonable trade policies like those advanced by senators sherrod brown to bernie sanders we might even see a return to the eisenhower and clinton prosperities it's time to drive off the so-called fiscal cliff once done americans will realize it was just a speed bump nothing like the film and louise fears being hyped by the so-called deficit hawks. it's one zero you ready to rumble join me that i belong to overall are francesca chambers editor and publisher of red alert politics and marc harrold libertarian tourney libertarian commentator attorney and author i've got to start talking more slowly thank you both for joining us ok so i say let's take the plunge let's leap off the fiscal cliff francesca talk me off the edge so actually in the spirit of things giving i'm going to start with something we agree on i think that you could actually get a lot of republicans particularly those like rand paul and others
a basis for moving forward and put the lie to the stupid republican theory that what's good for our economy is that when the rich get richer and the poor get poorer combine it with some reasonable trade policies like those advanced by senators sherrod brown to bernie sanders we might even see a return to the eisenhower and clinton prosperities it's time to drive off the so-called fiscal cliff once done americans will realize it was just a speed bump nothing like the film and louise fears being...
195
195
Nov 22, 2012
11/12
by
CNBC
tv
eye 195
favorite 0
quote 0
economy. this is obama's issue. if obama wants it pass that in the house, he has it find a group of republicans that will peel off from the rest of the republicans and good along with the democrats it pass this other stuff. but otherwise, i don't see any incentive in the president's part to not extend a large portion of the tax cuts if he can. i don't think he ever wants it see the whole thing go over the cliff. >> i mean, you have to remember that he does -- as you guys have both suggested, he does want to extend a large portion of the tax cuts. that's 98% of them. it's the top 2% of house holds, that not only he, but a majority of the lek electorate and and the polls, and a nonpartisan poll keeper says in the 2013 if the top two rates expire, we are talking about a tenth of a percent on gdp. isn't that worth the cost of getting on a bitter budget path, guys? work with me here. >> jared, come on, help me here. these people you are raising taxes on are job creators. this is the worst group you
economy. this is obama's issue. if obama wants it pass that in the house, he has it find a group of republicans that will peel off from the rest of the republicans and good along with the democrats it pass this other stuff. but otherwise, i don't see any incentive in the president's part to not extend a large portion of the tax cuts if he can. i don't think he ever wants it see the whole thing go over the cliff. >> i mean, you have to remember that he does -- as you guys have both...
168
168
Nov 28, 2012
11/12
by
MSNBCW
tv
eye 168
favorite 0
quote 0
in fact, it would be bad for the world economy. and so i think it's very important that we get that resolved. and i am very open to a fair and balanced approach. >> the president met with middle class tax payers today, urging them to employ twitter hash tag my y2k, telling congress this is too important for them to screw it up. >> today i'm asking congress to listen to the people who sent us here to serve. i'm asking americans all across the country to make your voice heard. it's too important for washington to screw this up. >> and a new survey shows the president has the public on board in a new washington post poll, 60% support raising taxes on incomes over $250,000. a healthy majority. indeed, even some republicans appear to be under sway, by the force of reason. >> in my view, we all agree we're not going to raise taxes on people that make less than $250,000. we should just take them out of this discussion right now. continue to fight against any rate increases. try to continue to work honestly for a much bigger deal. >> oklah
in fact, it would be bad for the world economy. and so i think it's very important that we get that resolved. and i am very open to a fair and balanced approach. >> the president met with middle class tax payers today, urging them to employ twitter hash tag my y2k, telling congress this is too important for them to screw it up. >> today i'm asking congress to listen to the people who sent us here to serve. i'm asking americans all across the country to make your voice heard. it's...
176
176
Nov 21, 2012
11/12
by
MSNBCW
tv
eye 176
favorite 0
quote 0
we've got to resolve this debt because if we do so, rev, will cause the economy to explode. we will see a resurge in investment, good things happening for the economy. >> congressman ellison, with all of that at stake and clear from every expert that we've heard, it's clear that if we don't solve this problem, if we have the fiscal cliff, if we go over at the end of the year, that we go back into a recession, why would boehner be doing this? i mean, you look at the polls. 49% people polled say keep or expand obama care. only 33% say repeal it. that's the lowest percent for repealing the law since march 10th of 2010. so why would boehner even play with this. >> he's afraid of the special interest. remember, they were spending $14 million a day to lobby against obama care, which i'm glad we've embraced that term. the reality is the special interests who don't want to pay any tacks or as little as they can, who don't want to reform health care. they are still there. all of those guys who signed those pledges for grover norquist, they are still around. i think the and tea party
we've got to resolve this debt because if we do so, rev, will cause the economy to explode. we will see a resurge in investment, good things happening for the economy. >> congressman ellison, with all of that at stake and clear from every expert that we've heard, it's clear that if we don't solve this problem, if we have the fiscal cliff, if we go over at the end of the year, that we go back into a recession, why would boehner be doing this? i mean, you look at the polls. 49% people...
143
143
Nov 28, 2012
11/12
by
CNBC
tv
eye 143
favorite 0
quote 0
workers' wages have not been raised in real dollars for the last 30 years in this economy. the only jobs being created are low-wage, minimum-wage jobs without benefits or guaranteed hours. >> i think this is so strange. this is so strange. ma'am, we have billionaires on cnbc all the time. they tell us they get a social security check. they use medicare. and you can't even tell me that those people shouldn't have access to those benefits. we can't even cut off millionaires. but you're going to raise taxes. >> here's what we said when we created social security. that we wanted a minimum in this country and guaranteed social insurance program that has been turned into a notion that somehow it's some entitlement as opposed to a guarantee of the basic common good in this country. so, no, i am not willing to connect the question of medicare, medicaid, and social security to a conversation that this nation has been delaying for too long, which is how are we all in this together? how does everybody pay their fair share? and how do we restore economic recovery by getting people back
workers' wages have not been raised in real dollars for the last 30 years in this economy. the only jobs being created are low-wage, minimum-wage jobs without benefits or guaranteed hours. >> i think this is so strange. this is so strange. ma'am, we have billionaires on cnbc all the time. they tell us they get a social security check. they use medicare. and you can't even tell me that those people shouldn't have access to those benefits. we can't even cut off millionaires. but you're...
121
121
Nov 29, 2012
11/12
by
MSNBCW
tv
eye 121
favorite 0
quote 0
it will eventually cost us jobs and eventually slow the economy. that's going to cost us revenue as well. i don't agree with the president on that point. frankly, i think he needs to be a lot more specific about putting spending cuts and entitlement reform on the table. having said that, though, if the president's willing to accept 80% of the bush tax cuts for 98% of the american people and make them permanent, that's a point we should agree on, do that, and continue to fight for the things we believe in, simply because we accept that part of his offer doesn't mean we have to agree with the rest. but what i think a lot of people forget is, look, these tax rates are going up automatically unless congress acts. i favor acting to save as many of them as possible. >> makes sense. here's today, the speaker of the house john boehner signaled you out for your remarks on the compromise. let's listen to what you he said about you, sir. >> i told tom earlier in our conference meeting that i disagreed with him. you're not going to grow the economy if you rais
it will eventually cost us jobs and eventually slow the economy. that's going to cost us revenue as well. i don't agree with the president on that point. frankly, i think he needs to be a lot more specific about putting spending cuts and entitlement reform on the table. having said that, though, if the president's willing to accept 80% of the bush tax cuts for 98% of the american people and make them permanent, that's a point we should agree on, do that, and continue to fight for the things we...
167
167
Nov 22, 2012
11/12
by
CNNW
tv
eye 167
favorite 0
quote 0
everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. we find the best, sweetest craforelobste that we can find. [ malennounc ] it'ti focrabfestt red lobster! his ar, y 1 of 5ntrees like our ne crab d garlic shri. half-pou otender crab pair with savory shrimp. st 12.99. odig into our hearty crab and roasted garlic seafood bake all with salad and unlimited cddar bay biscuit so much to choose from, so ittle time. so come into red lobster for abfest today and sea food differentlrom, so ittle time. >>> our third story, tax the rich. well, no, actually, a really big difference. tax the wealthy. think about it this way. if your income, what you earn going to work every day puts new the top 2%, you know, maybe you're not wealthy. wealth is something you build over time. it shows itself in the form of super expensive assets, massive mansions, boats, art work, expensive w
everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. we find the best, sweetest craforelobste that we can find. [ malennounc ] it'ti focrabfestt red lobster! his ar, y 1 of 5ntrees like our ne crab d garlic shri. half-pou otender crab pair with savory shrimp. st 12.99. odig into our hearty...
125
125
Nov 23, 2012
11/12
by
CSPAN
tv
eye 125
favorite 0
quote 0
caller: i have an idea for straightening out things are going on with the economy and some -- everything else. we have to separate our federal employees -- state, federal, and local -- and our health care workers from the private sector. if we do this, we can concentrate on mortgages for 6% interest for all the federal and -- and some health care workers. in 30 years we would have $24 trillion. 45 million, 54 trillion -- host: where are you getting the numbers from? caller: because, if we take the war that we have now, $104 billion, and we put it into mortgages at 6% interest rate they would come out to 70 -- $17,000 a year. 20 million employees. which means they would be self sufficient for the rest of their lives, which means you would have 166,000 per employee in interest that would cover the employee you got this -- that is working, the employee does is retired, and his benefits. which would cut down the deficit, cut down just about everything you could think of perry taxes in half, property taxes would be cut. you would have a whole new system. guest: there are certainly a whole ran
caller: i have an idea for straightening out things are going on with the economy and some -- everything else. we have to separate our federal employees -- state, federal, and local -- and our health care workers from the private sector. if we do this, we can concentrate on mortgages for 6% interest for all the federal and -- and some health care workers. in 30 years we would have $24 trillion. 45 million, 54 trillion -- host: where are you getting the numbers from? caller: because, if we take...
98
98
Nov 29, 2012
11/12
by
MSNBCW
tv
eye 98
favorite 0
quote 0
our economy is consumer driven. the more consumers that more money, the better it is for small businesses like me. this puts $2,000 to $3,000 in the hands of regular, ordinary working people who will spend it. the lower taxes on the rich just sends more money outside of our community, outside of our country to make bankers in the cayman islands happy. i am happy to see the president ask regular legislators to contact their legislators. >> do you think the president is trying to make this thing happen? >> i really got the feeling that they understood the stakes here. while they really wanted to hear from us, what they heard from the dozen small business people in the room who represented about 150,000 in our various progressive small business organizations was don't raise taxes on the middle class, tax the rich more. there were even calls in that room for higher minimum wages. clearly, no one wants to cut out the safety net that working people are promised for their lives of diligence, using their brains and brawn to
our economy is consumer driven. the more consumers that more money, the better it is for small businesses like me. this puts $2,000 to $3,000 in the hands of regular, ordinary working people who will spend it. the lower taxes on the rich just sends more money outside of our community, outside of our country to make bankers in the cayman islands happy. i am happy to see the president ask regular legislators to contact their legislators. >> do you think the president is trying to make this...
110
110
Nov 28, 2012
11/12
by
MSNBCW
tv
eye 110
favorite 0
quote 0
you're not going to grow the economy if you raise tax rates on the top two rates. it will hurt small businesses and hurt our economy. >> joining me now from washington, d.c., the democratic senator from washington, patty murray, a member of the senate budget committee. it is great to have you on the program. >> well, thank you, alex. nice to chat with you. >> senator, let's talk about the fiscal cliff. increasingly we are referring to it as the fiscal curve, possibly among some folks in our circle, the fiscal mole hill. you have advocated going over the fiscal cliff as a way for both democrats and republicans to make a deal and i will call to mind -- i will call to everyone's attention comments you made at the brookings institution this summer when you said if the bush tax cuts expire every proposal will be a tax cut proposal and the norquist pledge will no longer keep republicans boxed in and unable to compromise. which would seem to be good news for republicans. what do you make of john boehner's statement saying bad idea? >> well, first of all, i respect represe
you're not going to grow the economy if you raise tax rates on the top two rates. it will hurt small businesses and hurt our economy. >> joining me now from washington, d.c., the democratic senator from washington, patty murray, a member of the senate budget committee. it is great to have you on the program. >> well, thank you, alex. nice to chat with you. >> senator, let's talk about the fiscal cliff. increasingly we are referring to it as the fiscal curve, possibly among...
172
172
Nov 26, 2012
11/12
by
MSNBCW
tv
eye 172
favorite 0
quote 0
economy will plunge back into recession. this sounds plausible to many people because it's roughly speaking what happened to greece but we're not greece. he's saying while this is a real dynamic for some countries, it is not because of the way we fund ourselves, is that right, ben? >> that's right. i would say morning munnize not actually by given name. >> i didn't know that. >> he's right, we're not greece, we're a much larger economy. we can grow our way out of debts and deficits. we've got a ginormous economy. we had a huge black friday weekend. probably $600 billion for the total shopping over the holidays. the question is, as we get close and getting into december, if it looks like talks are breaking down and we have the same old lines on no tax increases for the wealthy versus no spending cuts at all on the left on social security or medicare, then you get people getting nervous. the markets get service, the markets sell off, we have a problem. if we go into january and there's the basic broad outlines of a deal that w
economy will plunge back into recession. this sounds plausible to many people because it's roughly speaking what happened to greece but we're not greece. he's saying while this is a real dynamic for some countries, it is not because of the way we fund ourselves, is that right, ben? >> that's right. i would say morning munnize not actually by given name. >> i didn't know that. >> he's right, we're not greece, we're a much larger economy. we can grow our way out of debts and...
188
188
Nov 27, 2012
11/12
by
CNBC
tv
eye 188
favorite 0
quote 1
it doesn't seem to show an economy that is all that worried about what's like ahead for us. >> not on the consumer side. before we have seen the consumer doing well, oblivious to the cliff but measures of business sentiment declining because of the cliff. today, consumer measures continue to look pretty decent and business measures came in not too bad, pretty decent. look. durable goods up changed, we expected them to be negative and business investment up 1.7%. consumer confidence up, not too bad a number. chain store sales for the week ending saturday, including black friday. the best saturday or week ending saturday after thanksgiving that i could find back to 1990. case-shiller home prices continue their march upward. look at consumer confidence and the cliff. i want to show you the two-year chart heerz that dip you see in the middle of your screen there, that is the last debacle, the debt ceiling debacle. can't see it here yet. so you don't get excite about the numbers, give you a longer view whether it should be if these were normal times, see there off to your left, 85s, 90s, 1
it doesn't seem to show an economy that is all that worried about what's like ahead for us. >> not on the consumer side. before we have seen the consumer doing well, oblivious to the cliff but measures of business sentiment declining because of the cliff. today, consumer measures continue to look pretty decent and business measures came in not too bad, pretty decent. look. durable goods up changed, we expected them to be negative and business investment up 1.7%. consumer confidence up,...
229
229
Nov 23, 2012
11/12
by
MSNBCW
tv
eye 229
favorite 0
quote 0
. >> neil, chairman bernanke has said any deal will be a real boost to the economy for the next year. do you agree with that? >> yeah, i think he's right. we've seen already a real slowdown in capital spending because of this risk hanging over things. so if that risk goes away, suddenly businesses are going to feel a lot better. it's suddenly, okay, one of those big storm clouds has passed. consumers will feel better. that would be a benefit. we're already seeing some strength in other areas of the country. housing has been looking better. 2013 could be a pretty good year if we get through this without a confidence shattering incident. >> chris, the president spoke about how people agree with him. do you get a sense that the white house will take the fight over tax rates for the wealthy all the way down to the wire? >> reporter: i get the sense that they will in large part because democrats are saying that the president absolutely has to do this. this is a key part of his platform during this campaign. you tlaremember that he said bee they have to let it expire. he caved on that. they
. >> neil, chairman bernanke has said any deal will be a real boost to the economy for the next year. do you agree with that? >> yeah, i think he's right. we've seen already a real slowdown in capital spending because of this risk hanging over things. so if that risk goes away, suddenly businesses are going to feel a lot better. it's suddenly, okay, one of those big storm clouds has passed. consumers will feel better. that would be a benefit. we're already seeing some strength in...
69
69
Nov 28, 2012
11/12
by
CSPAN2
tv
eye 69
favorite 0
quote 0
economy and the u.s. consumer and i look at how much debt overhang is out there i don't know where you grow if you lead the private dimension out there where it is today. >> there's a lot to that but obviously we are trying to get transparency on the balance sheets, we have done the dodd-frank, hardly finished, that takes care of the financial plummet, making sure it does not fall apart. [talking over each other] >> fundamentally corrupt. things haven't been there. the bigger problem is the flip side. they match that. now we realize people don't save. that is central for along time. that is the thing we never fixed and that is driving of affect we have financial problems and the fact we have big problems, return to financial messes going up worldwide for cost of labor everywhere, americans don't have anything to take advantage of. equally wide. we will fight a land war in asia over tax issues we will never fix the inequality problem if we don't get ahead. >> steve? >> there are a lot of issues we need to
economy and the u.s. consumer and i look at how much debt overhang is out there i don't know where you grow if you lead the private dimension out there where it is today. >> there's a lot to that but obviously we are trying to get transparency on the balance sheets, we have done the dodd-frank, hardly finished, that takes care of the financial plummet, making sure it does not fall apart. [talking over each other] >> fundamentally corrupt. things haven't been there. the bigger...
150
150
Nov 29, 2012
11/12
by
MSNBCW
tv
eye 150
favorite 0
quote 0
and now to john boehner. >> -- sending the economy over the fiscal cliff. two weeks ago we had a very productive conversation at the white house. based on where we stand today, i would say two things. first, despite claims that the president supports a balanced approach, democrats have yet to get serious about real spending cuts. and secondly, no substantive progress has been made in the talks between the white house and the house over the last two weeks. this is not a game. jobs are on the line. the american economy is on the line. and this is a moment for adult leadership. campaign style rallies and one-sided leaks in the press are nolts the way to get things done here in washington. majority leader and i just had a meeting with the treasury secretary. it was frank and it was direct. i was hopeful we'd see a specific plan for cutting spending. we sought to find out today what the president really is willing to do. i remain hopeful that productive conversations can be had in the days ahead. but the white house has to get serious. yesterday our leadership t
and now to john boehner. >> -- sending the economy over the fiscal cliff. two weeks ago we had a very productive conversation at the white house. based on where we stand today, i would say two things. first, despite claims that the president supports a balanced approach, democrats have yet to get serious about real spending cuts. and secondly, no substantive progress has been made in the talks between the white house and the house over the last two weeks. this is not a game. jobs are on...
109
109
Nov 28, 2012
11/12
by
FBC
tv
eye 109
favorite 0
quote 0
if we get this wrong, the economy will go south. it will be much more difficult for us to balance our budget and deal with our deficits because if the economy is not strong, that means more money is going out and things like unemployment insurance and less money is coming in. it makes our deficit worse. we really need to get this right. i can only do it with the help of the american people. tweet my 2k or e-mail, post it on a member of congress' facebook wall. do what it takes to communicate a sense of urgency. we do not have a lot of time here. we have a few weeks to get this done. we could get it done tomorrow. optimistically, i do not think we will get it done tomorrow. [ laughter ] i tell you, if everyone here goes out of their way to make their voices heard and spread the word to your friends and family, coworkers and neighbors, i am confident that we will get it done. we will get america on the right track, not just for next year, but for many years to come. thank you very much, everybody. [ applause ] cheryl: president obama
if we get this wrong, the economy will go south. it will be much more difficult for us to balance our budget and deal with our deficits because if the economy is not strong, that means more money is going out and things like unemployment insurance and less money is coming in. it makes our deficit worse. we really need to get this right. i can only do it with the help of the american people. tweet my 2k or e-mail, post it on a member of congress' facebook wall. do what it takes to communicate a...
133
133
Nov 28, 2012
11/12
by
MSNBCW
tv
eye 133
favorite 0
quote 0
i will tank this nation's economy. thus wiping away tens of billions of dollars of american wealth by my own decision unless you give me what i want. because i'm the the most reasonable man in washington. we can have disagreements on matters of policy. we can disagree on the tales we tell each other about how to get to the best outcomes for the country. we can even disagree about basic values about what kind of country we ought to be. but the thing you can generally assume about everybody who is in public service is that they are public servants. they want the country to be better off. no matter how you want to get there. whether or not some people think you're wrong or some people think you're dumb or misinformed, there's a general assumption that if you're involved in politics that means that what you want is a good future for america. you're out to help america, not hurt america. hurting the country on purpose when you know that's what you're doing violates the most basic thing that we think we can assume about why
i will tank this nation's economy. thus wiping away tens of billions of dollars of american wealth by my own decision unless you give me what i want. because i'm the the most reasonable man in washington. we can have disagreements on matters of policy. we can disagree on the tales we tell each other about how to get to the best outcomes for the country. we can even disagree about basic values about what kind of country we ought to be. but the thing you can generally assume about everybody who...
161
161
Nov 27, 2012
11/12
by
MSNBCW
tv
eye 161
favorite 0
quote 0
this is an economy that can't afford to have 4% of our spending disappear just next year. we'll see a recession next year almost for sure and for certain. so that's the sense in which i think this is something to worry about. we want -- the recovery is faltering right now and we really don't need congress clubbing it over the head again, pushing us back down yet again. >> yet again. justin, thank you, sir, from the university of michigan. great to have you. >> thanks, alex. >> catch one of the key players in the fiscal cliff negotiations right here on "now" when senator patty murray joins us tomorrow at noon eastern. >>> and coming up after their romney nominee received just over a quarter of the latino vote republicans say they're ready to put up when it comes to comprehensive immigration reform. what are they doing about it? so far putting up a lot of window dressing. the display when telemundo's jose diaz-balart joins us ahead. want to try to crack it? yeah, that's the way to do it! now we need a little bit more... [ male announcer ] at humana, we understand the value o
this is an economy that can't afford to have 4% of our spending disappear just next year. we'll see a recession next year almost for sure and for certain. so that's the sense in which i think this is something to worry about. we want -- the recovery is faltering right now and we really don't need congress clubbing it over the head again, pushing us back down yet again. >> yet again. justin, thank you, sir, from the university of michigan. great to have you. >> thanks, alex. >>...
111
111
Nov 29, 2012
11/12
by
MSNBCW
tv
eye 111
favorite 0
quote 0
. >> we absolutely want to avoid going over the fiscal cliff because it would be a big drag on the economy. >> but are you willing to do that? >> what we're willing to do is come up with a package that both accelerates economic recovery, but also begins to reduce the long term deficit and the president's been very clear that that means asking higher income earn eaers to pay who are. more. so the real question is whether republicans will agree with tom cole who the other day said we should agree with the president. so let's get that done. let's not hold the middle class hostage to getting a bonus tax break for folks at the top. so it was great to hear tom come forward on that. obviously he's taken some heat within his caucus, but that would obviously avoid the fiscal cliff. >> congressman chriss van hollen, thanks so much. appreciate it. >>> so he mentioned tom cole. let me play what he had to say. >> the president is willing to accept 80% of the bush tax cuts for 9d 8% of the american peopl and make them permanent, we should do that and continue to fight for the things we believe in. >> so
. >> we absolutely want to avoid going over the fiscal cliff because it would be a big drag on the economy. >> but are you willing to do that? >> what we're willing to do is come up with a package that both accelerates economic recovery, but also begins to reduce the long term deficit and the president's been very clear that that means asking higher income earn eaers to pay who are. more. so the real question is whether republicans will agree with tom cole who the other day...
217
217
Nov 29, 2012
11/12
by
CNNW
tv
eye 217
favorite 0
quote 0
listen, going off the fiscal cliff will hurt our economy and will cost american jobs. republicans have taken action to avert the fiscal cliff by passing legislation to stop all the tax hikes. to replace the sequester, and pave way for -- pave the way for tax reform and entitlement reform. and we're the only ones with a balanced plan to protect the economy, protect american jobs, and protect the middle class from the fiscal cliff. but without spending cuts and entitlement reforms, it's going to be impossible to address our country's debt crisis. and get our economy going again and to create jobs. so right now, all eyes are on the white house. the country doesn't need a victory lap. it needs leadership. it's time for the president, congressional democrats, to tell the american people what spending cuts they're really willing to make. with that i'll take a few questions. >> speaker boehner, why will you not tell democrats what specific spending cuts you would like to see, especially within en titlements? >> it's been very clear over the last year-and-a-half, i've talked t
listen, going off the fiscal cliff will hurt our economy and will cost american jobs. republicans have taken action to avert the fiscal cliff by passing legislation to stop all the tax hikes. to replace the sequester, and pave way for -- pave the way for tax reform and entitlement reform. and we're the only ones with a balanced plan to protect the economy, protect american jobs, and protect the middle class from the fiscal cliff. but without spending cuts and entitlement reforms, it's going to...
209
209
Nov 28, 2012
11/12
by
MSNBCW
tv
eye 209
favorite 0
quote 0
the goal here is to grow the economy and control spending. you're not going to grow the economy if you raise tax rates on the top two rates. we're willing to put revenue on the table as long as we're not raising rates. >> so, joy, boehner is not exactly ready to go along with the american people, it seems. >> i think what you just saw there, rev, was a man waiting for bated breath on january 3rd, hoping that every day gets shorter and shorter and shorter as long as we're still in the lame duck congress and tea party members are still there. i think john boehner still has an ounce of fear that he will lose that vote. so he's always watching his right flank. i think boehner will be in a stronger position if we get to january 3rd and there isn't a deal and he can force a deal on his tea party members but this is a guy who still has to message to the right. this deal would have to be made by the congress that just lost the election, the congress headed by the tea party. and it's iron ironic that it lost the election but boehner has to cling to it
the goal here is to grow the economy and control spending. you're not going to grow the economy if you raise tax rates on the top two rates. we're willing to put revenue on the table as long as we're not raising rates. >> so, joy, boehner is not exactly ready to go along with the american people, it seems. >> i think what you just saw there, rev, was a man waiting for bated breath on january 3rd, hoping that every day gets shorter and shorter and shorter as long as we're still in...
218
218
Nov 26, 2012
11/12
by
MSNBCW
tv
eye 218
favorite 0
quote 0
we need fit tr economy. yes, you're right. for the working poor in this country, it's a group that's bigger than ever thanks to the big recession and needs good deals on things. but the flip side is to have these stores open on friday or thursday, you're taking other members of the working poor and taking them away from their families and saying because the store down the street is open, we've got to be open, you've got dom in, walmart, with ee going to give you bad hours the rest of the year and make you come in on thursday and friday. like you i skipped black friday and monday but small business saturday i was there. >>> up next he's one of america's favorite founding fathers but did thomas jeff eson have a dark side? the author behind a new book generating controversy joins us next. oh no, not that, not here! [ male announcer ] antacids don't relieve gas. gas-x is designed to relieve gas. gas-x. the gas xperts. side by side so you get the same coverage, often for less. that's one smart board. what else does it do, reverse g
we need fit tr economy. yes, you're right. for the working poor in this country, it's a group that's bigger than ever thanks to the big recession and needs good deals on things. but the flip side is to have these stores open on friday or thursday, you're taking other members of the working poor and taking them away from their families and saying because the store down the street is open, we've got to be open, you've got dom in, walmart, with ee going to give you bad hours the rest of the year...
126
126
Nov 28, 2012
11/12
by
MSNBCW
tv
eye 126
favorite 0
quote 0
it would be bad for the economy and those families. in fact, it would be bad for the world economy. and so, i think it's very important that we get that resolved and i am very open to a fair and balanced approach to reduce our deficit and provide the kind of certainty that businesses and consumers need that we can keep this recovery going. and obviously, we'll be spending sometime talking about national security issues, as well. but i just want to say thank you to this extraordinary cabinet for a job well done and i will take this opportunity to publicly embarrass two members of the cabinet whose birthdays are today or tomorrow. rich consecki, happy birthday to you. that is actually today. and janet napolitano's birthday is tomorrow. all right, guys. thank you. we want to get back to work. >> mr. president -- >> thank you, so much, guys. susan rice is extraordinary. couldn't be prouder of the job she's done. all right. >> that was the president praising his current cabinet, also a little compliment to susan rice there at the end. straight ahead, we have more politics. the man behind
it would be bad for the economy and those families. in fact, it would be bad for the world economy. and so, i think it's very important that we get that resolved and i am very open to a fair and balanced approach to reduce our deficit and provide the kind of certainty that businesses and consumers need that we can keep this recovery going. and obviously, we'll be spending sometime talking about national security issues, as well. but i just want to say thank you to this extraordinary cabinet for...
121
121
Nov 29, 2012
11/12
by
CNNW
tv
eye 121
favorite 0
quote 0
the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone levels, and... is concentrated, so you could use less gel. and with androgel 1.62%, you can save on your monthly prescription. [ male announcer ] dosing and application sites between these products differ. women and children should avoid contact with application sites. discontinue androgel and call your doctor if you see unexpected signs of early puberty in a child, or, signs in a woman which may include changes in body hair or a large increase in acne, possibly due to accidental exposure. men with breast cancer or who have or might have prostate cancer, and women who are, or may become pregnant or are breast feeding should not use androgel. serious side effects include worsening of a
the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone levels, and... is concentrated, so you could use less gel. and with androgel 1.62%, you can save on your monthly prescription. [...